Browsing by Subject "Credit frictions"

Navigation

Now showing items 1-4 of 4

Costly Intermediation and the Poverty of Nations

Chakraborty, Shankha; Lahiri, Amartya (University of Oregon, Dept. of Economics, 2003-01-01)

Distortions in private investment due to credit frictions, and in public investment due to corruption and bureaucratic inefficiencies, have both been suggested as important factors in accounting for the cross-country per ...
The Development and Structure of Financial Systems

Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-11-01)

We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
Inequality, Industrialization and Financial Structure

Chakraborty, Shankha; Ray, Tridip (University of Oregon, Dept. of Economics, 2003-01-01)

We introduce monitored bank loans and non-monitored tradeable securities as sources of external finance for firms in a dynamic general equilibrium model. Due to frictions arising from moral hazard, access to credit and ...
What do Information Frictions do?

Bhattacharya, Joydeep; Chakraborty, Shankha (University of Oregon, Dept. of Economics, 2003-02-14)

Numerous researchers have incorporated labor or credit market frictions within simple neoclassical models to (i) facilitate quick departures from the Arrow-Debreu world, thereby opening up the role for institutions, (ii) ...